=+ *12. The table below shows the retail price and sales for instant coffee and roasted coffee

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=+ *12. The table below shows the retail price and sales for instant coffee and roasted coffee for two years.

a. Using these data alone, estimate the short-run price elasticity of demand for roasted coffee. Derive a linear demand curve for roasted coffee.

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Microeconomics

ISBN: 9781292081977

8th Global Edition

Authors: Robert S. Pindyck, Daniel L. Rubinfeld

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Question Posted: Oct 24, 2024 09:00 AM

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=+ *12. The table below shows the retail price and sales for instant coffee and roasted coffee

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Microeconomics

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